FCTA disburses N3.62bn to area councils, others

The Federal Capital Territory Administration has disbursed N3.62bn to the six Area Councils, teachers, and pension schemes as statutory allocation for May.

The Minister of State FCT, Dr Mariya Mahmoud, presided over Tuesday’s 190th FCT Joint Account Allocation Committee meeting in Abuja.

Mahmoud said that N1.14 billion was set aside for the six area councils, while N2.49bn was earmarked for teachers and pension schemes.

The minister equally said that Bwari Area Council received N152.8m, Abaji N119.49m, and Kwali N167.52m.

The minister said that of the N2.49bn earmarked for teachers and pension schemes, N2.12bn was allocated to primary school teachers, while N36.25m was set aside as a one-percent Training Fund.

She also said that a total of N226.48 million was set aside as 15 per cent Pension Funds, while N107.85m was earmarked as 10 per cent employer pension contribution.